Large legal 4-unit with two 1-bedroom units on the first floor and large townhouse style side by side 3-bedroom, 1.5 bath units on the 2nd and 3rd floors respectively. New roof, partial vinyl siding, new windows installed. This property is mostly gutted and ready for your complete rehab. The property still needs all new electrical and plumbing (some rough-in already finished), new heating, fire alarm, kitchens, baths flooring etc. This major rehab will not qualify for FHA. this is cash or 203k only. Stamped, engineer plans included in the sale so you can expedite the permitting process and get started with renovations asap (see MLS attachments). Once complete this property should produce an estimated $5,700 per month in gross rental income and yield an estimated ARV of more than $500,000 based on comparables recently sold. Plenty of off-street parking in the rear for at least 6 cars, laundry room at the rear of the building, and proximity to a bike path all make this the ideal location for your next investment property or flip.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
